Oil Shale Market Showing Impressive Growth during Forecast Period 2021 – 2030

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Oil shale is an organic-rich rock, which contains a solid mixture of organic chemical compounds known as kerosene. From these organic compounds, liquid hydrocarbons, such as shale oil, are produced. Oil shale is a substitute for conventional crude oil and is increasingly used, owing to its low cost of extraction. As per the 2016 estimate, the global deposits of the total world resources of oil shale are equivalent to 6.05 trillion barrels of oil. Industries utilize oil shale as a fuel for thermal power plants to drive steam turbines.

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